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Solo Oil Plc

Technology set to play a major role in how the oil and gas industry is set to evolve

The future of the oil and gas industry is not as bleak as many are predicting it to be, with technology set to play a major role in how the industry is set to evolve, said Abdul Nasser Al Mughairbi, group SVP of digital at Adnoc.

Speaking in a conference session at the 38th Gitex Technology Week exhibition, he noted that the speed of technology development has never been faster or its potential impact as powerful.

 

Solo Oil (LON:SOLO) is a natural resources investment company with a diverse portfolio of onshore assets, principally in Europe and Africa. The Company seeks to deliver returns through early stage investment in promising projects and uses management’s own sector expertise to assist in strategic asset development. Solo’s portfolio currently includes extensive interests in the prolific Ruvuma Basin in Tanzania, Helium One Limited, the Tanzanian helium exploration company, and Kiliwani North, a natural gas producing project in Tanzania. Solo also owns 4.2% in AIM listed UK Oil & Gas Limited.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.